Tata Group is set to launch the biggest IPO to date for its NBFC company, Tata Capital, starting October 6. With this issue of ₹16,400 crore, the company's valuation has been estimated at over ₹1.46 lakh crore. The IPO will include both a fresh issue and an OFS, and subscriptions will remain open until October 8.
Tata Capital IPO: Tata Group is set to give a big Diwali gift to investors this year. The mega IPO of the group's NBFC company, Tata Capital, will open on October 6, 2025, and close on October 8. The company has filed its Red Herring Prospectus with SEBI. Through this IPO of approximately ₹16,400 crore, the company's valuation is estimated to be $16.5 billion. It includes 21 crore new shares and an OFS of 26.58 crore shares. This will be the largest IPO by the Tata Group to date, with expectations of participation from large institutional investors like LIC.
Biggest Tata Group IPO to Date
This issue is considered the largest IPO in the history of the Tata Group. The company had filed its Red Herring Prospectus with SEBI and stock exchanges on September 26. According to the documents, this IPO will issue 210,000,000 new shares and 265,824,280 equity shares will be sold through an Offer For Sale. The face value of each share has been set at ₹10.
IPO Size and Valuation
The total size of Tata Capital's IPO is stated to be ₹16,400 crore, or approximately $1.85 billion. The company's valuation has been estimated at around ₹1.46 lakh crore, or $16.5 billion. This issue is considered significant not only for the Tata Group but also for the Indian market.
Potential Large Investment from LIC
According to reports, LIC, the country's largest insurance company, could make a significant investment in this IPO. Tata Sons already holds a majority stake in the company. Additionally, the International Finance Corporation (IFC) and other Tata Group companies such as TMF Holdings Limited, Tata Investment Corporation, Tata Motors, Tata Chemicals, and Tata Power are also stakeholders.
Mandatory Listing Under Regulations
According to Reserve Bank regulations, large NBFCs like Tata Capital were required to be listed on domestic stock exchanges by September 30, 2025. However, the company received a slight reprieve from the regulator, which is why this IPO is now coming in October.
Preparations Underway for a Long Time
Preparations for this mega issue had been underway for several months. A Moneycontrol report on April 5 stated that the company had filed documents with SEBI via the confidential pre-filing route for an IPO exceeding ₹15,000 crore. Earlier, on March 21, media reports revealed that Tata Capital had chosen 10 investment banks as advisors for this large IPO.
Banks Entrusted with the Responsibility
Kotak Mahindra Capital, Citi, Axis Capital, JP Morgan, HSBC Securities, ICICI Securities, IIFL Capital, BNP Paribas, SBI Capital, and HDFC Bank have been entrusted with the responsibility for IPO management. All these companies are considered major investment banks in India and globally, and their experience can play a crucial role in making this issue a success.
Following the IPO announcement, investors' eyes are now entirely focused on Tata Capital. This move by the company is considered a significant opportunity not only for the Tata Group but for the entire market. According to market experts, this issue could further strengthen investor confidence in the NBFC sector.
